Job Description
This job is with State Street, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.
Who we are looking for
The position is for a Counterparty Credit Risk Officer, Assistant Vice President, within the Global CCR team, which is part of the wider Financial Risk team within the Enterprise Risk Management Division. The team is primarily responsible for the oversight of counterparty credit risks arising from the activities within State Street Markets business unit. SSM, a division of State Street Bank & Trust Co., engages in a variety of capital markets business activities, including securities finance, funding and collateral transformation, and sales and trading in foreign exchange markets. The position is for a self-motivated Counterparty Credit Risk Officer with a strong credit risk background.
What you will be responsible for
As Counterparty Credit Risk Officer, AVP you will
· Provide global independent credit risk oversight of credit exposures primarily across the derivatives portfolio (FX, Interest Rate Swaps) and SFT including risk identification, risk measurement, risk controls and limits, documentation and risk monitoring and reporting
· Review trade exceptions requests and provide trade approvals as needed across all counterparties sectors (financial institutions, funds, corporates...)
· Support onboarding process for new counterparties with review of legal documents such as ISDA/CSA
· Develop good working relationships with traders and business analysts within SSM and other business units,, and with support functions and technology departments
· Contribute to risk and/or regulatory projects; independently driving forward assigned tasks
What we value
· Strong knowledge of OTC derivatives (particularly FX and Interest Rate Swaps), SFT, and risk measures associated (VaR, PFE, Notional, Stress Testing, xVA)
· Strong understanding of legal agreements (ISDA/CSA)
· Self-motivated and able to work independently with excellent time-management skills
· Ability to cooperate with others and foster an environment that supports effective teamwork
· Strong critical thinking ability; promote and support a culture of challenge and risk excellence
· Comfortable in conflict resolution as appropriate with others and in a matrix organization
· Highest standards of conduct and integrity and ensure compliance with accepted industry practice, company policies, statute and regulatory requirements
Education & Preferred Qualifications
· Degree/Post-graduate degree in relevant and/or quantitative subjects
· Minimum of 5+ years of hands-on industry experience with knowledge of credit risk at a large banking institution
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
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